Asia-Pacific: Sailboat Market 2024

Sailboat Market Size in Asia-Pacific

The Asia-Pacific sailboat market contracted modestly to $X in 2023, reducing by X% against the previous year. The total consumption indicated a measured increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2020 indices. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2023, consumption stood at a somewhat lower figure.

Sailboat Production in Asia-Pacific

In value terms, sailboat production fell to $X in 2023 estimated in export price. Overall, production showed a notable increase. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2023, production growth failed to regain momentum.

Sailboat Exports

Exports in Asia-Pacific

In 2023, shipments abroad of sailboats for pleasure or sports, with or without auxiliary motor decreased by X% to X units, falling for the third year in a row after two years of growth. Over the period under review, exports continue to indicate a sharp slump. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The volume of export peaked at X units in 2015; however, from 2016 to 2023, the exports failed to regain momentum.

In value terms, sailboat exports contracted modestly to $X in 2023. Overall, exports faced a abrupt slump. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, the exports attained the peak of $X. From 2018 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

Vietnam (X units), Marshall Islands (X units), Japan (X units), Singapore (X units), Indonesia (X units) and Taiwan (Chinese) (X units) represented roughly X% of total exports in 2023. French Polynesia (X units), Sri Lanka (X units), Hong Kong SAR (X units), Fiji (X units) and South Korea (X units) held a relatively small share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Fiji (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Taiwan (Chinese) ($X) and Marshall Islands ($X) were the countries with the highest levels of exports in 2023, together comprising X% of total exports. Singapore, French Polynesia, Hong Kong SAR, Japan, Indonesia, South Korea, Fiji and Sri Lanka lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, Fiji, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2023, stabilizing at the previous year. Over the period under review, the export price posted a buoyant increase. The growth pace was the most rapid in 2022 an increase of X% against the previous year. The level of export peaked in 2023 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per unit), while Sri Lanka ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced more modest paces of growth.

Sailboat Imports

Imports in Asia-Pacific

In 2023, supplies from abroad of sailboats for pleasure or sports, with or without auxiliary motor decreased by X% to X units, falling for the fifth year in a row after two years of growth. In general, imports continue to indicate a deep contraction. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. As a result, imports reached the peak of X units. From 2016 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, sailboat imports contracted to $X in 2023. Over the period under review, imports showed a abrupt contraction. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Marshall Islands (X units) was the major importer of sailboats for pleasure or sports, with or without auxiliary motor, achieving X% of total imports. Papua New Guinea (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Japan (X%), South Korea (X%), Singapore (X%) and Hong Kong SAR (X%). The following importers - Cook Islands (X units) and French Polynesia (X units) - each amounted to a X% share of total imports.

Imports into Marshall Islands decreased at an average annual rate of X% from 2012 to 2023. At the same time, Papua New Guinea (X%), Japan (X%), French Polynesia (X%) and Cook Islands (X%) displayed positive paces of growth. Moreover, Papua New Guinea emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2023. By contrast, Singapore (X%), Hong Kong SAR (X%) and South Korea (X%) illustrated a downward trend over the same period. While the share of Papua New Guinea (X p.p.), Marshall Islands (X p.p.), Japan (X p.p.), South Korea (X p.p.), Singapore (X p.p.), Hong Kong SAR (X p.p.), Cook Islands (X p.p.) and French Polynesia (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Hong Kong SAR ($X) constitutes the largest market for imported sailboats for pleasure or sports, with or without auxiliary motor in Asia-Pacific, comprising X% of total imports. The second position in the ranking was taken by Japan ($X), with an X% share of total imports. It was followed by Marshall Islands, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Hong Kong SAR stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Japan (X% per year) and Marshall Islands (X% per year).

Import Prices by Country

In 2023, the import price in Asia-Pacific amounted to $X per unit, surging by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per unit in 2021; however, from 2022 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Hong Kong SAR ($X per unit), while Papua New Guinea ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Marshall Islands (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform